“**Lease**” means, for any Aircraft, the Aircraft Specific Lease Agreement or Aircraft Lease
Agreement as the case may be in respect of such Aircraft between the Seller or Lessor of such
Aircraft and the relevant Lessee, incorporating, in respect of such Aircraft, the provisions of the
Common Terms Agreement for such Aircraft, in each case as amended from time to time prior to the
Effective Time;

**“Lease Damage Notification Threshold”** has the meaning, for any Aircraft, given to the term “Damage
Notification Threshold” in the relevant Lease applicable to such Aircraft;

“**Lease Documents**” means the documents listed as such in Schedule 2 in relation to any Aircraft;

“**Lease Novation**” means a novation agreement in respect of the relevant Lease applicable to the
relevant Aircraft between the Seller of such Aircraft, the New Lessor in respect of such Aircraft
and relevant Lessee;

“**Lease Security Deposit**” means in respect of each Aircraft the amount specified in Schedule 1
opposite such Aircraft in the form of cash or a letter of credit held (or to be held) by the Seller
of such Aircraft in respect of the security deposit paid by the relevant Lessee under the relevant
Lease:

“**Lessee**” means, for any Aircraft, the person specified as the lessee of such Aircraft opposite such
Aircraft in Schedule 1;

“**Lessor**” means, for any Aircraft, the person (if not the relevant Seller) named as the “lessor” in
the Lease relating to such Aircraft immediately prior to its novation pursuant to the relevant
Lease Novation;